Trey Resources, Inc. (OTC Bulletin Board: TYRIA) announced today that the company's wholly owned subsidiary, SWK Technologies, Inc., the premier total solutions provider specializing in business software, has closed on a significant sale of Sage Software's MAS 500 financial accounting software with a major international paper company.
The client, which has operations in 13 countries around the world, required a turnkey solution which fulfilled their demanding financial reporting requirements. SWK Technologies was able to provide the right solution for their needs.
Lynn Berman, President of SWK Technologies, said, "We are pleased to close the transaction with this prestigious company. Our ability to provide turnkey solutions, custom programming, training and support gives us a significant competitive advantage versus other solution providers in our marketplace."
Jeffrey Roth, CEO of SWK Technologies, said, "SWK's reach continues to expand. We are currently negotiating transactions with several multi-national organizations which recognize the quality and depth of services that SWK is able to provide. We are excited by these opportunities, and we hope to close on several of them in the near future."
About Trey Resources
Trey Resources is involved in the acquisition and build-out of technology and software companies. The Company's growth strategy is to acquire firms in this extensive and expanding, but highly fragmented segment, as it seeks to create substantial value for shareholders. Since June 2004, Trey has acquired SWK Technologies, Inc., Business Tech Solutions Group, Inc, and Wolen Katz Associates. For more information, contact Trey Resources CEO Mark Meller at (973) 758-9555 or by e-mail at mark.meller@swktech.com.
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to Trey Resources, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.